The Goodyear Tire & Rubber Company (NASDAQ:GT - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the six brokerages that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $13.18.
A number of equities research analysts have recently commented on the company. StockNews.com upgraded Goodyear Tire & Rubber from a "hold" rating to a "buy" rating in a research note on Monday, February 17th. TD Cowen assumed coverage on Goodyear Tire & Rubber in a research note on Friday, March 7th. They set a "buy" rating and a $14.00 target price on the stock. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $10.00 target price on shares of Goodyear Tire & Rubber in a research note on Friday, December 20th. Finally, Argus upgraded Goodyear Tire & Rubber from a "hold" rating to a "buy" rating and set a $12.00 target price on the stock in a research note on Tuesday, February 18th.
Get Our Latest Stock Analysis on Goodyear Tire & Rubber
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the stock. Fidelity D & D Bancorp Inc. grew its holdings in shares of Goodyear Tire & Rubber by 3.2% during the third quarter. Fidelity D & D Bancorp Inc. now owns 32,000 shares of the company's stock worth $283,000 after purchasing an additional 1,000 shares in the last quarter. Truist Financial Corp grew its holdings in shares of Goodyear Tire & Rubber by 5.2% during the fourth quarter. Truist Financial Corp now owns 22,753 shares of the company's stock worth $205,000 after purchasing an additional 1,115 shares in the last quarter. Amalgamated Bank grew its holdings in shares of Goodyear Tire & Rubber by 0.9% during the fourth quarter. Amalgamated Bank now owns 127,390 shares of the company's stock worth $1,147,000 after purchasing an additional 1,156 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in shares of Goodyear Tire & Rubber by 11.3% during the fourth quarter. Sanctuary Advisors LLC now owns 11,901 shares of the company's stock worth $110,000 after purchasing an additional 1,209 shares in the last quarter. Finally, Barnett & Company Inc. grew its holdings in shares of Goodyear Tire & Rubber by 1.4% during the fourth quarter. Barnett & Company Inc. now owns 95,700 shares of the company's stock worth $861,000 after purchasing an additional 1,300 shares in the last quarter. Hedge funds and other institutional investors own 84.19% of the company's stock.
Goodyear Tire & Rubber Stock Down 2.5 %
NASDAQ:GT traded down $0.23 during trading hours on Friday, hitting $8.93. 4,259,665 shares of the company traded hands, compared to its average volume of 4,528,950. The company has a quick ratio of 0.55, a current ratio of 1.04 and a debt-to-equity ratio of 1.30. The firm's 50-day simple moving average is $9.16 and its 200-day simple moving average is $8.99. Goodyear Tire & Rubber has a one year low of $7.27 and a one year high of $13.86. The company has a market cap of $2.55 billion, a PE ratio of 37.21 and a beta of 1.71.
Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.10. Goodyear Tire & Rubber had a return on equity of 6.21% and a net margin of 0.37%. The business had revenue of $4.95 billion for the quarter, compared to analysts' expectations of $4.91 billion. Equities analysts predict that Goodyear Tire & Rubber will post 1.5 earnings per share for the current year.
About Goodyear Tire & Rubber
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Get Free ReportGoodyear Tire & Rubber Co engages in the development, manufacture, distribution, and sale of tires. It operates through the following geographical segments: Americas, Europe, Middle East, and Africa, and Asia Pacific. The Americas segment is involved in the development, manufacture, distribution, and sale of tires and related products and services in North, Central, and South America.
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